Entro Security, a Boston, MA-based provider of Non-Human Identity (NHI) and secrets management platform, closed an $18m Series A funding.
The round was led by Dell Technologies Capital with participation from seed investors Hyperwise Ventures and StageOne Ventures, as well as angel investors such as Rakesh Loonkar and Mickey Boodaei.
The company, which has raised $24m since exiting stealth in May 2023, intends to use the funds to scale global operations and meet the demand for its platform across key industries.
Led by Itzik Alvas, CEO and co-founder, Entro Security provides Non-Human Identity Lifecycle Management, Secrets Security and Non-Human Identity Detection and Response. Unlike traditional methods that reactively scan for exposed secrets, Entro integrates within an organization’s existing vaults, and secret creation and exposure locations, offering a single dashboard to securely use and manage non-human identities and secrets at scale. It enables organizations to secure them, oversee their usage and automate their lifecycle from inception to rotation.
Entro’s platform empowers security teams to implement and automate governance for secrets and NHI Management with real-time detection and response. By providing a granular view of all NHIs, centralizing and contextualizing NHIs and secrets security data, Entro gives universal coverage across cloud services, SaaS applications and on-premises systems, allowing security teams to:
- Gain complete visibility at creation, storage and exposure locations, scattered across various systems and environments
- Enrich and add business context to understand owners, permissions, usage, enablement, rotation time and more
- Identify and prioritize security risks, remediate vulnerabilities and prevent unauthorized access to critical systems and data
- Apply detection and response to prevent attacks and misuse in real time by monitoring any abnormal behavior
- Automate the remediation of identified security risks, saving time and resources for the security and development teams
- Ensure compliance with regulatory requirements such as SOC2, GDPR and others by maintaining robust access controls and security measures
Within its first year, Entro is already working with customers including Booking, SolarWinds, Elastic, KAYAK and Regatta, proving their value to solve the NHI problem.
FinSMEs
18/06/2024